Jindal India Renewable Energy Forays into Battery Energy Storage Systems to Achieve 5 GWh Capacity by 2027

Mumbai, 18 September 2024: Jindal India Renewable Energy, a part of the BC Jindal Group, announced its foray into the Battery Energy Storage Systems (BESS). The company plans to build 1 GWh battery pack assembly line with LFP chemistry by 2025 and will foray into battery cell manufacturing with 5 GWh capacity by 2027.

BC Jindal Group Logo

To achieve this, the company will be entering into a Technology Collaboration with a world-class technology provider to achieve highest quality standards. This move aligns with India’s efforts to strengthen its position as one of the top renewable energy players in the world.

Currently, the sector is witnessing rapid growth due to policy emphasis on renewables to enable the Government’s push towards a greener future BESS as a technology enables grid stability, efficient storage and most importantly, addresses the issue of power supply during peak periods and to fulfil the FDRE / RTC demand, and is expected to power India’s renewable energy aspirations. The Indian BESS market is expected to grow at an impressive CAGR of 11.41 pct till 2032, underscoring the significant opportunities that this sector presents.

Speaking on the development, Mr. Punit Gupta, Director, Jindal India Renewable Energy said, “Jindal India Renewable Energy is proud to step in and meet the growing demand for India’s energy storage solutions. By investing in battery energy storage systems, we are expanding our portfolio as well as contributing to grid stability and deeper integration of renewable sources.”

This announcement comes in the backdrop of Jindal India Renewable Energy (JIRE) aiming to generate 5 GW of power from solar, wind, hybrid and FDRE modes. Along with this, going forward JIRE will also manufacture PV Cells and Modules to tap into the solar demand.

Jindal India Renewable Energy operates under the BC Jindal Group, founded in 1952 by Shri B.C. Jindal. Originally a steel pipe and fittings manufacturer, the group has grown into one of India’s leading conglomerates with a significant presence in the power sector. JIRE’s initiative represents a forward-thinking approach to energy diversification. With a focus on environmental well-being at the core of its inception, BC Jindal Group’s commitment extends beyond compliance to a genuine dedication to preserving the environment for future generations.

Deepika Padukone’s company KA Enterprises Buys Luxury Bandra Apartment for Rs. 17.78 Crores: Square Yards

In the same month, Anju Bhavnani, mother-in-law of Deepika Padukone and mother of Ranveer Singh, acquired the adjacent apartment for Rs. 19.13 crores.

KA Enterprises LLP, a firm owned by Bollywood actress Deepika Padukone and her father Prakash Padukone, has recently made a significant real estate investment, purchasing a luxury apartment in Mumbai’s Bandra West locality. The property, located in the Sagar Resham Co-operative Housing Society near the iconic Bandstand, was acquired for Rs. 17.78 crore, according to registration documents reviewed by Square Yards. Sagar Resham Co-operative Housing Society, developed by Enorm Nagpal Realty, offers premium 4 BHK and 5 BHK apartments.

As per Square Yards, the newly purchased apartment spans 171.47 square metres (~1,846 square feet) and comes with a designated car parking space. The deal incurred a stamp duty of nearly Rs. 1.07 crore and registration charges of Rs. 30,000. The transaction, completed in September 2024, was registered under KA Enterprises LLP, a global venture investment firm focusing on high-growth consumer and consumer-tech companies.

In a related transaction, Deepika’s mother-in-law, Anju Bhavnani, acquired an adjacent apartment in the same month for Rs. 19.13 crore. This property, spanning 1,822.45 square feet (~169 square metres) in carpet area, also includes one car parking space. The stamp duty for the deal amounted to Rs. 95.68 lakh, with a registration fee of Rs. 30,000.

Interestingly, on the day of the acquisition, Anju Bhavnani’s apartment was leased to her daughter Ritika Bhavnani and husband Jugjeet Singh Bhavnani. The lease, registered under R.S. Filmcraft (OPC) Pvt. Ltd. and Oh Five Oh Talent LLP, has a tenure of 55 months. The monthly rent has been set at Rs. 8.20 lakh for the first 33 months, rising by 15% to Rs. 9.43 lakh for the remaining 22 months. A security deposit of Rs. 73.80 lakh and a stamp duty of Rs. 1.29 lakh were also part of the agreement. Padukone’s husband Ranveer Singh already owns multiple floors in the same building purchased for a staggering Rs. 119 crores in 2022.

Deepika Padukone and Anju Bhavnani’s property transactions are the latest in a series of high-profile celebrity real estate deals in Bandra West. Square Yards noted that Bollywood stars and notable figures including Aamir Khan, Tripti Dimri, and K.L. Rahul along with Athiya Shetty have recently purchased properties in the area, with transaction values of Rs. 9.76 crore, Rs. 14 crore and Rs. 20 crore, respectively.

Nibav launches Advanced Series 4 Home Lifts for Homeowners of Mysuru, Aims to Elevate Luxury and Convenience in Homes

Nibav launches Advanced Series 4 Home Lifts for Homeowners of Mysuru, Aims to Elevate Luxury and Convenience in HomesMysuru, 17th September, 2024: Staying committed to delivering quality in-house mobility solutions, Nibav Lifts, India’s largest home elevator brand, has introduced its revolutionary Nibav Series 4 Home Lifts. This new launch seamlessly integrates advanced technology with exceptional design, offering Mysuru homeowners an elevated experience of luxury, and convenience equipped with state-of-the-art features such as an AI-enabled cabin display, intuitive LOP display, and LIDAR 2.0 technology for precise navigation and gentle landings, the Nibav Series 4 lifts are a breakthrough in the home elevator industry. Available in an exclusive Midnight Black edition, they offer the most spacious cabin among air-driven lifts. These lifts are crafted with stylish elements including ambient lighting, New Zealand wool carpets, starlight ceilings, and leather finish interiors. The unveiling ceremony, led by Shri Viquar Ahmed, Architect and attended by senior management from Nibav Home Lifts, took place at the brand’s flagship Mysuru Experience Centre.

Elated over the new product launch in Mysuru, Mr. Vimal Babu, CEO & Founder of Nibav Lifts, said, “We are proud to introduce our latest innovation to the homeowners in Mysuru. Our Series 4 home lifts are crafted to enhance your living experience with unmatched luxury and convenience. Especially with our new Series 4 home lifts, we have focused on marrying two key elements – technology and design, which makes it a statement addition to the interiors of a home. Our brand is renowned in the market for safety and durability, with Nibav Series 4 we have set new standards and offer unparalleled quality. We are confident that homeowners will certainly benefit from our Series 4 lifts.”

Setting a new benchmark in the safety features, Nibav Series 4, lifts are integrated with Rapid Rescue Latch (RRL) for quick and safe evacuation by rescue teams during emergencies. The RRL enables the easy removal of polycarbonate glass, ensuring fast passenger extraction in case of any emergency. With Carbon Seal 2.0 installed, the Nibav has increased the durability of Series 4 lifts, ensuring long-term performance and reliability. The new home lifts are also enabled with GSM connectivity, allowing users maximum safety and flexibility.

The series 4 lifts also are landing cable-free and have notable features like ambient and accent for cabin pillars with leather finish, concealed fans with controls, touch screen display with digital and analog clock and are hand gesture enabled.

The S4 Lifts are available to be experienced at Nibav’s Eco Mysore Nexus Mall, No.8 & N-5, Hyderali Rd, Nazarbad Mohalla, Mysuru, Karnataka 570010.

BOP Realty Expands Operations to Gurugram with New Office Launch

BOP Realty Expands Operations to Gurugram with New Office Launch Gurugram: BOP.in, the leading real estate consultancy firm in the Delhi-NCR region with a legacy of over 18 years, is thrilled to announce the grand opening of their new branch in Sohna Road, Gurgaon on 15 September, 2024. This expansion is not just a milestone for BOP.in but a strategic move to leverage their expertise to tap into the real estate market of Gurgaon, Haryana

The launch of a new BOP.in office in Gurugram signifies a deeper involvement with the local market. The renowned real estate consultancy firm already has an expertise in these regions, and it has started operations in this region on top of a lot of research, professional expertise about the best property trends and customer preferences, and is equipped to deliver exceptional service. As part of its expansion in Gurugram, BOP.in is collaborating with new developers such as Omaxe, Godrej properties, Krisumi Corporation and other top developers on both residential and commercial projects. This strategic partnership will leverage the strengths of both BOP.in and the developers to deliver premium properties that cater to the evolving needs of the investors.

Mr. Gaurav Mavi, Co-Founder, BOP Realty stated, “We are thrilled to announce the opening of our new office in Gurugram. This strategic location will be helping us serve our clientele even better and further strengthen our presence in the booming real estate market of the city. In catering to our customers with excellence and delivering value, the focus remains constant as always. We have a deep understanding of the market, and can help buyers make the right real estate decisions. So, we must advise everyone that does consult with your property advisor before taking a call at your real estate investments.”

Located in the heart of Sohna Road, BOP.in’s new office in Gurgaon showcases a modern and professional design. The office features spacious meeting rooms, private offices, a welcoming reception area, and state-of-the-art technology. It also hosts comfortable workspaces which create a conducive environment for both the clients and staff.

Dubai-Based Architect Shaun Killa Appointed for CRC Group’s Upcoming Uber-Luxury Project in Delhi-NCR

Dubai-Based Architect Shaun Killa Appointed for CRC Group's Upcoming Uber-Luxury Project in Delhi-NCRDelhi-NCR, 17th September 2024: In a major milestone for India’s luxury real estate market, Dubai-based architect Shaun Killa and his award-winning firm, Killa Design, have been appointed by CRC Group to design an uber-luxury residential project in Greater Noida. Scheduled for launch in early 2025, the project is set to redefine premium living by integrating cutting-edge sustainable design with world-class luxury.

Shaun Killa, a globally acclaimed architect, is best known for his sustainable and innovative architectural feats, such as the Museum of the Future in Dubai and the Bahrain World Trade Center, the world’s first commercial building to feature integrated wind turbines. His expertise in creating environmentally conscious structures has earned him numerous accolades worldwide.

Speaking about the collaboration, Killa said, “We are excited to bring our design philosophy of sustainability and innovation to this landmark project with CRC Group. Our goal is to create a design that not only stands the test of time but also respects the environment and complements the culture of the region.”

Bringing Sustainable Luxury to India

The upcoming CRC project will feature fewer units, with an emphasis on creating a unique living experience. Killa Design’s approach to the project will focus on green design, incorporating eco-friendly technologies and sustainable systems to ensure the development aligns with global environmental standards.

“Our vision for this project is to blend luxury with sustainability in a way that sets new benchmarks for real estate in India. Every detail, from the structure to the interiors, will be thoughtfully designed to offer residents the best in both luxury and green living,” added Killa.

A Design That Redefines Living

Killa’s portfolio boasts a series of globally recognized projects that have pushed the boundaries of modern architecture. His firm’s work, which spans across the globe, includes iconic projects such as the Jumeirah Marsa Al Arab Quay Wall Villas, Shebara Resort, and The Address Beach Resort. In India, Killa Design has already made its mark with the Namaste W Hotel in Mumbai and The World in Jubilee Hills in Hyderabad.

Kunal Bhalla, Founder and CEO of CRC Group, said, “We are thrilled to have Shaun Killa on board for this flagship project. His expertise in designing sustainable yet luxurious spaces align perfectly with our vision of creating homes that offer both world-class design and eco-conscious living. This project will be an iconic development, not just for Greater Noida but for all of India.”

A Game-Changing Project for Greater Noida

Located in one of Delhi-NCR’s most sought-after regions, this luxury residential project is poised to set a new standard in the Indian real estate market. Killa’s holistic design philosophy will ensure that the development combines form, function, and environmental stewardship to create a timeless living experience.

Bhalla further added, “This project will not only be a landmark for CRC Group but will also elevate the entire real estate landscape in Greater Noida. We are focused on quality over quantity, and this development will offer a truly unique experience for luxury home buyers.”

Paras Buildtech Organized a Successful Book Donation Drive

Paras Buildtech Organized a Successful Book Donation DriveNoida, September 17, 2024: Paras Buildtech, a prominent real estate developer, concluded a three-day Book Donation Drive at Paras One33 in Noida from September 12th to 14th, in partnership with two renowned NGOs, Aarambh and Udaar Foundation. The drive was organised on the occasion of Hindi Diwas with NGOs who played a pivotal role in collecting and facilitating the future distribution of the donated books to needy children, ensuring the initiative’s long-lasting impact. The initiative aimed at supporting the education of underprivileged children through a meaningful blend of corporate social responsibility and community engagement.

Speaking on the event’s success, Mr. Kunal Rishi, COO of Paras Buildtech, remarked, “At Paras, we believe it is both our privilege and responsibility to give back to society. This book donation drive is part of our continuous efforts to create access to education for children and inspire a brighter future for them. We are deeply moved by the overwhelming response from the community and the invaluable support from our retail partners in making this drive a resounding success.”

The NGO partners also expressed their appreciation for the initiative, with representatives from Aarambh and Udaar Foundation stating, “We are proud to collaborate with Paras Buildtech in this impactful initiative. Their commitment to education and community development is truly commendable. This book donation drive has brought smiles to many children and ignited hope for a brighter, more educated future.”

The event’s atmosphere was marked by generosity and enthusiasm, with visitors at Paras One33 actively participating in engaging activities. A special quiz on Hindi, organized to commemorate Hindi Diwas, added an educational and fun element to the event, allowing customers to celebrate India’s linguistic heritage.

The initiative also witnessed active participation from various retail partners at Paras One33, including prominent brands like Barbeque Nation, FTV, Lenskart, and Barista, who demonstrated their commitment to social responsibility by encouraging donations and fostering community involvement.

Paras Buildtech’s Book Donation Drive stands as a testament to the power of collective efforts in uplifting society through education and celebrating culture. With the support of the community, NGOs, and retail partners, this drive is set to leave a lasting impact on the lives of underprivileged children.

Cut the Cords, Capture the Sound – Wireless Microphones in India for Vloggers, Creators, and Podcasters

Whether you’re vlogging, live streaming, podcasting, or recording music, high-quality audio is essential to engage your audience. A reliable wireless microphone ensures crystal-clear sound without the hassle of tangled cords or static interruptions. To help you find the perfect wireless mic, here’s a roundup of the top options available on Amazon India:

Cut the Cords, Capture the Sound - Wireless Microphones in India for Vloggers, Creators, and Podcasters


IZI X Dual Channel Wireless Microphone

For the Ultimate Vlogging Experience
The IZI X Wireless Microphone is an incredible choice for content creators seeking top-tier audio quality without the hefty price tag. Priced at just Rs 3948/-, this mic offers tremendous value for money, loaded with premium features typically found in much pricier models. With a 360° omnidirectional microphone, 120 meters wireless transmission range, and 16 hours of battery life, it’s ideal for vlogging, interviews, or live streaming. Its active noise cancellation ensures crystal-clear sound in noisy environments, while the plug-and-play setup makes it compatible with Android, iOS, and DSLR cameras.

Why It Stands Out: At this price point, the IZI X is unbeatable. It delivers exceptional audio quality with minimal setup, extended battery life, and maximum portability—an excellent choice for vloggers and creators on a budget.


Boya BY-WM4 Pro Wireless Lavalier Microphone

For Beginners and Budget Creators
Boya, a trusted name in affordable audio equipment, offers the Boya BY-WM4 Pro as a compact and lightweight solution priced at Rs 6995/-. With a 50 meters wireless range and up to 4 hours of battery life, it’s designed for smartphones, DSLRs, and camcorders. Ideal for vloggers on a budget, this mic delivers clear audio transmission, making it a great entry-level option for new creators.

Why It Stands Out: Affordable, lightweight, and easy to use—perfect for budding YouTubers or podcasters seeking clear audio without spending too much.


Rode Wireless GO II

For Creators Who Demand Top-Notch Sound
Priced at Rs 28,900/-, the Rode Wireless GO II is one of the most popular wireless microphones among professionals. It features a dual-channel system with a 200 meters range and 7 hours of battery life, perfect for flawless recordings. With internal storage for direct audio recording, it provides backup even when out of range, offering exceptional sound quality and reliability for demanding creators.

Why It Stands Out: Rode’s impeccable sound quality and built-in audio backup make it the top choice for professionals who won’t compromise on performance.


DJI Mic Wireless Lavalier Microphone

For the High-Tech Savvy Creators
Known for their cutting-edge technology, DJI enters the audio world with their wireless microphone priced at Rs 22,990/-. Offering a 250 meters range and up to 15 hours of battery life, this dual-channel system ensures flexibility and top-tier performance. It also comes with a magnetic clip for easy attachment during filming, providing a seamless experience for high-tech-savvy creators.

Why It Stands Out: Perfect for long-range recording with minimal interference, the DJI Mic ensures professional-quality audio with unmatched convenience.


Saramonic Blink 500 B2

For Quick and Easy Audio Capture
The Saramonic Blink 500 B2, priced at Rs 21,413/-, is designed for DSLR cameras, smartphones, and computers. With a 100 meters range, dual-channel transmission, and 5 hours of battery life, this mic system is perfect for recording interviews, vlogs, or live streams. Its compact and lightweight design makes it easy to carry anywhere, fitting easily in your pocket.

Why It Stands Out: Ideal for creators who need portable yet high-quality audio, the Saramonic Blink 500 B2 delivers excellent sound without sacrificing convenience.


Movo WMX-2 Wireless Lavalier Microphone

For Mobile Content Creators on the Move
The Movo WMX-2 is priced at Rs 15,344/- and is designed for mobile content creators. With a 60 meters wireless range, 8 hours of battery life, and USB Type-C connectivity, it works seamlessly with smartphones and DSLR cameras. Its noise-reducing technology ensures crisp, clear audio, even in noisy environments.

Why It Stands Out: An affordable solution for mobile content creators who need professional-quality sound without breaking the bank.


Maono WM820-A2 Dual Wireless Microphone

For Podcasters and Interviewers
Priced at Rs 7,999/-, the Maono WM820-A2 is a great choice for podcasters and interviewers. With a 50 meters range and 6 hours of battery life, this dual wireless system includes real-time monitoring, which allows you to adjust audio levels on the go. Compatible with DSLR cameras and smartphones, it’s a fantastic tool for live recordings.

Why It Stands Out: Real-time monitoring and ease of use make this microphone an ideal option for podcasters who want to fine-tune their audio on the fly.


Conclusion: Elevate Your Sound Game

In 2024, content creators need audio quality that matches their video. These wireless microphones not only deliver crisp, clear sound but also offer the convenience of mobility and versatility across devices. Whether you’re a vlogger, podcaster, or live streamer, these options provide something for every creator. With all of these mics available on Amazon India, you’re just a click away from capturing flawless audio on your next project!

Vivanta Chennai, IT Expressway Unveils Muse-Pad an Open Mic Platform for Budding Artists and Performers

CHENNAI_16th September, 2024:Vivanta Chennai, IT Expressway launched the much-awaited Muse Pad, an exciting platform for up-and-coming artists to showcase their creative best. This open mic event at Wink, the stylish lounge at the hotel, is set to become a new cultural hotspot for the city’s musicians, poets, storytellers, and stand-up comedians.

Muse Pad -4

The event saw several brilliant performances from Joshua setting the tone with his soulful melodies at Tune Tavern, while Anu captivated the audience at Melody Lounge with her smooth western notes. Pauline’s powerful music at Vocal Vault covered some of the greatest hits, leaving the crowd enthralled and Lathesh’s beatboxing at Groove Den had the audience on their feet.

Sharing his thoughts on the launch of Muse Pad, Sourav Ghosal, General Manager of Vivanta Chennai, IT Expressway, said, “We are truly excited with the launch of Muse Pad. The response from the creative community and guests has been overwhelming and we are proud to provide a platform where up-and-coming artists can shine. At Wink, the energy was palpable and we are confident that Muse Pad will carve a niche for itself in the city.”

The launch of Muse Pad at Wink has created a space where #TomorrowsLegendscan take the stage and express themselves. The event will be held twice a month, offering an opportunity for artists to showcase their talents.
The lively ambiance at Wink, combined with delicious food and signature spirits, made for an unforgettable experience for both artists and guests alike.

Award-winning all-day dining restaurant, Brunch & Cake is Now Open In Mumbai

HOLA! Aspect Hospitality is thrilled to announce the highly anticipated arrival of Brunch & Cake to the bustling city of Mumbai, set in Raheja Altimus, Lower Parel. This unveiling marks a significant stride as the renowned all-day dining concept sets its roots in this vibrant metropolis, promising an experience reminiscent of ‘Grandma’s Goodness’. The first store in Mumbai is now open to the public from 11th September 2024 onwards.

Brunch and Cake_Mumbai (1)

Originating from the heart of Spain in Barcelona, Brunch & Cake has evolved into a globally beloved brand, renowned for hosting in iconic locations with beautiful interiors, wholesome dishes, and generous portions & a place that provides one-of-a-kind experiences that embody the essence of ‘Grandma’s Goodness.’ Founded in 2010 as Cup & Cake, the brand underwent a transformative journey, culminating in its rebranding to Brunch & Cake in 2012. It made it’s next move into the UAE in 2019, followed by a wave of global expansion which was initiated by Amjad Barakat and Jamal Wick in a reverse acquisition, establishing Brunch & Cake as a leading culinary force with now 19 restaurants worldwide, spanning from Spain to Dubai, Kingdom of Saudi Arabia, Bahrain, and Egypt. Global Restaurants is dedicated to the worldwide expansion of Brunch & Cake, with 19 stores currently open and 34 more signed and in development. Madrid is set to welcome Brunch & Cake in September 2024, while six new regions are expected to experience the brand’s unique dining in 2025.

Hitesh Keswani, managing director at Aspect Hospitality says “At Aspect Hospitality, we are dedicated to redefining dining experiences, where every dish and sip is a masterpiece of flavour and artistry,”. “We are excited to partner with UAE based Global Restaurants and work closely with Amjad Barakat and Jamal Wick, two visionaries who have played instrumental roles in Brunch & Cake’s journey, to bring their culinary magic to Mumbai.”

Stepping into Brunch & Cake in Mumbai, guests will be captivated by interiors that blend iconic design elements with a warm, inviting ambiance. Known for its beautifully curated spaces in landmark locations worldwide, Brunch & Cake’s Mumbai outpost is no exception. The foundation of the design begins with soft, pastel hues—summer pastel yellow, seafoam greens, sandy beiges, and gentle peaches—creating a calming atmosphere that flows throughout the space. These pastel tones are complemented by warm wooden accents that add rustic charm, while textures like woven wicker, soft linen fabrics, and rough stone contribute to the inviting warmth. Signature features such as surfboards, white shells, and the beloved “Grandma” branding adorn the space, while brass finishes, a stone pizza oven, and terrazzo tables add a touch of elegance. The combination of rattan panelling, fresh banana plants, and statement lighting sourced from Valencia’s Peralta Vidavi Illuminacion family imbue the space with both a homely charm and a photo-worthy aesthetic. Each Brunch & Cake location is tailored to its surroundings, ensuring that while no two are alike, the essence of the brand shines through. The result is a harmonious, nature-inspired retreat that invites relaxation, content creation, and delightful experiences—a true second home in the heart of Mumbai.

With a legacy of culinary craftsmanship and exceptional service, Brunch & Cake promises to become a cornerstone of Mumbai’s dining scene, embodying values of comfort, unconditional love, and generosity. Guests can anticipate a hearty food journey with Brunch & Cake signature dishes, including Next Level Avo Toast, Eggs Carbonara, B&C Scramble, Super Sandwich, Neapolitan Pizza, Cheesecake, Honey Cake, and Carrot Cake, crafted with care and passion using natural ingredients and high-quality flavours. Brunch & Cake Mumbai will also introduce a variety of vegetarian dishes specifically for the region as well as a cocktail menu to compliment the dinner experience.

Aspect Hospitality, a subsidiary of the esteemed Aspect Group, boasts successful restaurants across the city of Mumbai, including Akina, Estella, Coconut Boy, and Tuya’s. With a strategic focus on quality, service, and innovation, the group is poised to grow Brunch & Cake across major destinations in India, including Goa, Bangalore, Hyderabad, Delhi, and more. With over 12 years of industry presence, it stands as a beacon of hospitality excellence.

Brunch & Cake welcomes you to experience the warmth and authenticity of Grandma’s kitchen right here in the heart of Mumbai.

Noida and Ghaziabad Brace up the Increased Demand for Luxury Homes, New Launches Increased Multifold in H1 2024

Delhi-NCR’s luxury housing market continues to raise the bar as the region witnesses a 45% share of sales in the luxury segment in H1 2024, surpassing the share back in 2019. Meanwhile, Noida and Greater Noida saw 42% of luxury home sales. Noida’s micro-markets have majorly contributed to the impressive growth graph of NCR’s luxury market.

Moreover, regarding rental yields, Noida’s micro-markets, like Noida Sector 150, saw a 12% Y-O-Y increase in monthly rentals of luxury properties, followed by Noida-Greater Noida expressway at 11%.

Strong luxury sales activity has further strengthened the real estate market in the town, which has welcomed new projects catering to this segment. The growth is driven by a rising demand for luxury living spaces that offer premium amenities. The region’s strategic locations catalyze this demand with its proximity to Delhi and excellent connectivity via various expressways.

Developers have actively responded to these demands for luxury homes, bringing premium projects across the city. Though Noida is the talk of the town these days, Ghaziabad quickly caught up with luxury homebuyers.

Traditionally known for its affordable segment, the city diversified its offerings by allowing premium and high-end properties. In H1, Ghaziabad’s luxury segment accounted for 715+ units, indicating a solid presence of luxury residences. Apart from connectivity with Delhi, Noida, and other parts of NCR, infrastructure growth is what makes the city attractive. Its new roads and metro expansions have further attracted high-value homebuyers.

Hence, developers are focusing on the increased demand for luxury homes in Noida and Ghaziabad with the launching of premium projects. Greater Noida West and key locations along NH 24 in Ghaziabad are highly potential areas for luxury living investment. In Noida and Ghaziabad, the realty market is constantly evolving owing to the projects of some of the renowned and credible developers. Amongst some of the key developers, Prateek Group stands out through its luxury living options and has earned a paramount reputation after every other project-defined luxury living.

With a continued focus on infrastructure development and the rising aspirations of homebuyers, the Noida and Ghaziabad realty market is likely to maintain its growth trajectory in the second half of 2024. The year towards the end is likely to witness new launches catering to the increased demand for luxury homes. With the focus on constantly raising the bar of quality living, Prateek Group is soon likely to launch a premium luxury project in Ghaziabad offering its residents a flavor of quality living amidst high-end amenities

Noid and Ghaziabad are poised to emerge as leading luxury living hubs backed by the fuelled demand and anticipated surge in new launches in H2 2024.